Cafeyn Group Acquires Readly's non-Nordic operations

The Cafeyn Group has acquired Readly International AB's non-Nordic activities, bringing together two complementary major platforms in digital content streaming.

Cafeyn Group announced the acquisition of Readly’s non-Nordic operations, marking a significant step forward in its European expansion. This transaction enhances Cafeyn’s scale and reinforces its strategic objective to build a leading platform for digital news and magazine access, delivering value to both readers and publishing partners. Following the transaction, Cafeyn will serve more than 2.5 million users and generate combined revenues of nearly €100 million, significantly strengthening its scale and position across Europe.

Tidnings AB Marieberg (“Bonnier News”) has completed the transfer of Readly’s non-Nordic operations to Cafeyn Group, in line with the initial announcement made on December 5th, 2022. Readly’s Nordic operations remain owned and operated by Bonnier News, while activities outside the Nordic countries (notably in Germany and the United Kingdom) are now joining Cafeyn.

To ensure continuity for readers, the original Readly application will continue to be owned and operated by Bonnier News for the Nordic markets. Non-Nordic subscribers will transition to a new application managed by Cafeyn, which will retain the “Readly” brand in these markets. This structure enables publishers to reach audiences across multiple markets through two complementary subscription platforms.

A decisive step in the consolidation of the digital information market

In a context of rapidly evolving consumption habits and increasing competition across global content platforms, this acquisition enables Cafeyn to reach critical scale at the European level and to further strengthen its positioning within a broader digital ecosystem spanning news, audio and video services.

Cafeyn Group now reaches a new milestone and operates across 15 markets, serving 2.5 million users and providing access to more than 5,200 publications from 1,100 partner publishers. With combined revenues of nearly €100 million and nearly 200 employees (half of whom are dedicated to technology) Cafeyn now benefits from enhanced scale and capabilities to accelerate its development.

This transaction illustrates Cafeyn’s ambition to build a leading pan-European platform, capable of combining large-scale distribution, technological innovation and adaptation to local market specificities. It enables the Group to consolidate its positions in key markets, notably the United Kingdom, Benelux, and to accelerate its expansion in high-potential markets such as Germany.

An enhanced offering serving both users and publishers

The integration of Readly’s operations will significantly expand the catalogue available to users, further enhancing the breadth and diversity of content accessible on the platform, while strengthening Cafeyn’s ability to deliver a compelling and comprehensive offering to its audiences.

For publishers, the fundamentals remain unchanged. Cafeyn maintains the same principles of remuneration, distribution and transparency, while offering access to an international audience through a unified technological infrastructure. In a demanding economic environment, the ambition is to create greater value across the entire ecosystem.

The transition of operations will be carried out progressively, in close collaboration with the Readly teams, to ensure continuity of service for users, publishers and partners.

Cafeyn Group plans to welcome and retain 39 Readly talents and to leverage the complementarity of expertise to accelerate the development of its platform.

About Cafeyn

Cafeyn is an online press aggregation platform offering unlimited access to national and international content in various formats and on all devices. Cafeyn has over 2.5 million users in France, the United Kingdom, Ireland, Germany, Belgium, Luxembourg, the Netherlands, Spain, Austria, Switzerland, Spain, the United States, Canada, Australia, New Zealand. The Group has also established collaborations with more than 1100 publishers and content providers worldwide, giving access to nearly 5,200 newspapers, magazines, news feeds, and other pure player content brands. Since 2006, the company has experienced strong growth, both organically and through acquisitions of companies like miLibris (FR), Blendle (NL), Kidjo (US), Readly France/Toutabo (FR) and Readly non-Nordics. It has offices in Paris, London, Berlin, Tangier, Stockholm, Montreal, employing nearly 200 people. The Group is owned by Marion Assuied, and since 2020 the fund Bregal Milestone. For more information, visit cafeyn.co.